Reaction On Monetary Policy Committee By Mr. Vinod Francis, GM & CFO, South Indian Bank
Below the Reaction On Monetary Policy Committee By Mr. Vinod Francis, GM & CFO, South Indian Bank
“The RBI’s Monetary Policy Committee (MPC) decision to retain the repo rate at 6.5% highlights its balanced approach to supporting growth while keeping inflation under control.
Acknowledging growth-inflation concerns, the decision to reduce the Cash Reserve Ratio (CRR) by 50 basis points is a prudent move that will inject liquidity into the banking system. This well-calibrated measure will not only enhance banks’ lending capacity but also make credit more accessible to borrowers. Demonstrating vigilance, the policy reflects a practical approach amidst global uncertainties and domestic economic developments. Demonstrating vigilance, the policy reflects a practical approach amidst global uncertainties and domestic economic developments while ensuring financial stability.”
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